Reach Inc

Analysis

Reach Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reach Inc reported income of $4.2m and spending of $4.3m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.1m to $4.2m (+1.3%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MT. Charities of a similar size with the same main cause include Helpmate Inc ($4.2m), Arm in Arm Inc ($4.2m) and Core Project Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $157k (3.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.8m against liabilities of $693k, net assets of $5.1m. It reported 161 employees.